Intensifying Construction Activity Stimulates Demand for Wood Preservative Chemicals, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) March 19, 2014 -- Follow us on LinkedIn – Wood is a ubiquitous building material that finds use in several indoor and outdoor applications. Wood, especially untreated wood, is however susceptible to fungal, bacterial and insect attack that leads to decay, rotting and gradual decline in service life. To ensure long-term sustainability of wood, preservative systems are indispensable to control the deterioration caused by bacteria and fungi. Wood preservative chemicals represent a mature market subject to stringent environmental regulations. The market is also influenced by construction trends in individual regions/markets.
Construction, transportation and telecommunication represent the leading end-use markets. Industrialization in developing countries and increased investments in infrastructure development will help stimulate market growth. Major commercial applications of wood preservative chemicals such as fencing, railroad products, and decking account for a significant proportion of sales worldwide.
The market for engineered wood composites such as Oriented Strand Board (OSB), Parallel Strand Lumber (PSL) and Laminated Veneer Lumber (LVL) is also expected to drive demand for wood preservative chemicals. These composites, featuring about 60% wood fiber, need to be treated with preservatives for protection against decay. Despite the opportunities for growth, the market will continue to witness challenges manifested in the form of declining use of wood, increasing threat from alternative materials such as fiberglass and plastic components, rising environmental concerns and stringent regulations. Adverse impact on health and environment of wood preservatives chemicals is emerging as a major barrier to its widespread adoption.
As stated by the new market research report on Wood Preservative Chemicals, the United States represents the largest market, worldwide. Advanced formulations and innovative products are expected to spur demand in the country in the coming years. Asia-Pacific, led by China, is forecast to emerge as the fastest growing market with a CAGR of 8.4% over the analysis period. In China, treated wood finds use in various applications including building construction, ship building, telecom, public utility, and public landscaping. Robust economic growth, rapid urbanization, and increasing purchasing power of consumers are factors driving demand for various types of wood products in the country. In addition, government initiatives to renovate tourist and shopping areas, and develop public infrastructure will help bolster demand for wood products, thereby spurring consumption of wood preservative chemicals.
Major players covered in the report include Borax Inc., BASF Wolman GmbH, Janssen PMP, KMG Chemicals Inc., Kop-Coat Inc., Kurt Obermeier GmbH & Co. KG, Lonza Group Ltd., Osmose Inc., RÜTGERS Organics GmbH, and Viance LLC.
The research report titled “Wood Preservative Chemicals: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. The US market for Wood Preservative Chemicals is further analyzed by end-use applications, such as, Decking, Landscape Products, Railroad Products, Utility Poles, Fencing, and Others.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Wood_Preservative_Chemicals_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/
###
Raghu Gopal, Global Industry Analysts Inc, +1 408-528-9966, [email protected]
Share this article